Morning macro brief
The morning macro routine - one operating picture, not eight tabs
A useful morning macro routine covers the operating picture first: rates, inflation, curve shape, credit, crude, USD, volatility, labor, and any live geopolitical shock that could change positioning. The goal is not to open more tabs - it is to know what changed, why it matters, what gets hit next, and what you would only do if a specific level breaks. Market Ontology's morning brief compresses that workflow into one screen, refreshed each session and grounded in live data.
- What changed
- Overnight moves in rates, FX, equities, credit, crude - ranked by magnitude versus history.
- Why it matters
- Each move is contextualized against current regime, recent ranges, and transmission relevance.
- What gets hit
- Affected sectors, currencies, and curves identified through the transmission layer.
- What to watch
- The specific levels, releases, and events that would change the read.
Why most morning routines fail
The typical macro morning is some combination of: 1) a terminal scan, 2) two or three newsletters that summarize yesterday, 3) Twitter/X for tone, 4) a glance at futures, and 5) a coffee. By the time you have stitched that together, the open is here and you have a feeling, not a thesis.
The brief is built around one principle: synthesis comes before detail. You should know the regime, the overnight delta, the transmission, and the levels to watch - before you open any single chart.
What the brief contains
- Regime banner - current macro regime and any drift versus yesterday.
- Overnight moves - the cross-asset grid with deltas ranked by historical significance.
- Live event layer - geopolitical or policy events from the last 24 hours, with affected assets attached.
- Today's narrative - a short, dated, objective synthesis grounded in the day's data.
- Watch next - releases, levels, and triggers for the session ahead.
Who it replaces
Newsletters tell you what happened. Terminals show you data. Twitter shows you tone. The brief replaces the synthesis layer between them - the part you used to do manually with eight tabs and 45 minutes.
Frequently asked questions
How is this different from a macro newsletter?
Newsletters are written by a human the night before and sent to everyone. The brief is generated each morning from live data and is current at the moment you read it.
Can I customize it?
Subscribers can save instruments and themes to follow. The brief surfaces those alongside the global view.
Start using Market Ontology
Opens in Market Ontology. First uses free, then pay per use.
Do this in Market Ontology
- Treasury yield curve analysis from released dataTrack the US Treasury yield curve from FRED: 2s10s and 3m10y spreads, inversion history and what changes in slope have preceded.
- Track inflation from CPI, PCE and market breakevensMonitor US inflation from released data: CPI and core CPI, PCE, and 5- and 10-year breakevens, with what the next release needs to show.
- Track the US labor market from released dataFollow payrolls, unemployment, jobless claims and wage growth from FRED, with the Sahm rule reading and trend versus the prior year.
- Central bank policy analysisRead Federal Reserve policy from the funds rate, real rates and released statements, and compare the stance with inflation and labor data.